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fiscal cliff. boehner said it's time for them to get serious about the spending problem that our country has. republicans complain that for all the talk of coming up with a balanced budget plan, he has made little effort to identify specific proposals beyond increasing taxes on the wealthy. "the white house has not produced any of the balance in the president's described balance proposal that peter roscoe, the house g.o.p.'s deputy whip. boehner and the other house republican leaders will meet on thursday with treasury sec tir tim geitner and the white house's chief congressional li aison to discuss the fiscal cliff. that's the hill newspaper. here's politico this morning, inside the talk, fiscal cliff deal emerging is what some write this morning. and that's from politico this morning. first call up on our question this morning, g.o.p. says address the spending problem and in silver spring, maryland, democrat, good morning anne. caller: yes, well i would like the g.o.p. to be a little more specifi
fiscal cliff. boehner said it's time for them to get serious about the spending problem that our country has. republicans complain that for all the talk of coming up with a balanced budget plan, he has made little effort to identify specific proposals beyond increasing taxes on the wealthy. "the white house has not produced any of the balance in the president's described balance proposal that peter roscoe, the house g.o.p.'s deputy whip. boehner and the other house republican leaders will...
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fiscal cliff. our guest is republican representative tom cole of oklahoma, a member of the appropriations and budget committee. also joined by georgetown university tax law professor john buckley on how the alternative minimum tax is affecting fiscal negotiations. "washington journal" is next. ♪ ♪ host: 25 days to go before the united states faces the fiscal cliff, the white house has rejected a proposal from house republicans to prevent tax hikes and spending cuts at the end of the year. no formal talks between the two sides are scheduled today. will go outside the nation's capital to get your voice involved. republicans -- democrats -- independents -- send us a tweet, post your comments on facebook, or send us an e-mail. we begin with some of the papers across the country today and how this latest proposal from house republicans is playing out in the papers. courtesy of "the atlantic journal-constitution" -- here is "the denver post" -- finally, here is "of the arizona republic" -- here is "t
fiscal cliff. our guest is republican representative tom cole of oklahoma, a member of the appropriations and budget committee. also joined by georgetown university tax law professor john buckley on how the alternative minimum tax is affecting fiscal negotiations. "washington journal" is next. ♪ ♪ host: 25 days to go before the united states faces the fiscal cliff, the white house has rejected a proposal from house republicans to prevent tax hikes and spending cuts at the end of...
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caller: we would not have if this -- we would have a fiscal cliff if not for the tea party republicans. the republicans will never agree with obama. they will never do it. they are undercover klansmen. they go up to washington and have been causing us trouble ever since. we're going to take our brains to the polls next time. host: from pennsylvania on the line for republicans. caller: a couple of points. one has to do with president obama saying we must have a balanced approach. the second one has to do with the term mandate. the third has to do with what the congress is. president obama says we must have a balanced approach to this. when i look at the term balance, i think, ok. the have revenue increases. you must also have at the same time expenditure decreases. i hear nothing but let's increase revenue, i hear nothing about decrease in expenditures. the only reference that has been made is "we will do that in the out years, six years down the line." according to the constitution, every congress has the right to make the laws for it while it is in session. putting decreased spending
caller: we would not have if this -- we would have a fiscal cliff if not for the tea party republicans. the republicans will never agree with obama. they will never do it. they are undercover klansmen. they go up to washington and have been causing us trouble ever since. we're going to take our brains to the polls next time. host: from pennsylvania on the line for republicans. caller: a couple of points. one has to do with president obama saying we must have a balanced approach. the second one...
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the two parties first sat down to discuss the so-called fiscal cliff, it was widely assumed among republicans that president obama and democrats actually wanted to avoid it. that was the premise that any possible agreement had shown. that was the common goal, or so we thought. over the past couple of weeks it's become increasingly clear to many of us that we were simply wrong about that. incredibly, many top democrats, including the president, seemed perfectly happy -- perfectly happy -- to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. and it explains why the president is now stubbornly insisting on raising tax rates when he himself said just last year that you could raise more revenue from capping deductions and closing loopholes. this isn't about the deficit for them or balance. it's about an ideological campaign that most americans thought would have ended on november 6, and that's also why the president sent secretary geithner up here last week with a proposal so completely ridiculous it wouldn't have passed the h
the two parties first sat down to discuss the so-called fiscal cliff, it was widely assumed among republicans that president obama and democrats actually wanted to avoid it. that was the premise that any possible agreement had shown. that was the common goal, or so we thought. over the past couple of weeks it's become increasingly clear to many of us that we were simply wrong about that. incredibly, many top democrats, including the president, seemed perfectly happy -- perfectly happy -- to go...
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up next, we're going to have a look at republicans and the fiscal cliff negotiations with radio talk-show host and columnist armstong williams. that is coming up next as we continue the "washington journal." ♪ >> why a writers institute? i think it is very important within the culture. we are a culture of words, of voices. words are key to our imagination, our capacity to envision things. we ourselves are not completely tied to print on the page. but i think that there is no other art form so readily accessible other than perhaps -- but it is something -- there is something in literature that captures the humans. . >> this weekend, we look behind the scenes at the history and literary life of new york's capital city, albany, on c-span to and it c-span3. span3.c- [bell rings] >> this weekend on c-span3, follow harry truman's eldest grandson to hiroshima. >> everybody has their own view of what happened. survivalant to argue or about the history. i think we are past that. my goal for behing here is to honor the dead nand listen to the living and do what i can to ensure this does not happe
up next, we're going to have a look at republicans and the fiscal cliff negotiations with radio talk-show host and columnist armstong williams. that is coming up next as we continue the "washington journal." ♪ >> why a writers institute? i think it is very important within the culture. we are a culture of words, of voices. words are key to our imagination, our capacity to envision things. we ourselves are not completely tied to print on the page. but i think that there is no...
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cliff, the affordable care act, and the future of the republican party. the president has written several books and reports, including his latest, "the debt bomb." live sunday at the 12:00 noon eastern. >> no, we hear from a syrian opposition spokesman about the latest developments in the ongoing syrian civil war. the spokesman urged the international community to intervene, and calls for u.s. leadership, rather than just humanitarian aid. from johns hopkins, this is an hour and a half. >> thank you. thank you for everyone. thank you for the john hopkins university for organizing this event. let me start by sharing with you a personal story that just happened today, which gives you just a sense of how our lives became tragic. today, one of my close friends, a well-known activist in my home town, has been killed by indiscriminate shelling in the city. daria is 7 kilometers south of damascus. and it has been days of fighting with the security forces. this is why the security forces target the city. it is very close to the damascus capital. they use the figh
cliff, the affordable care act, and the future of the republican party. the president has written several books and reports, including his latest, "the debt bomb." live sunday at the 12:00 noon eastern. >> no, we hear from a syrian opposition spokesman about the latest developments in the ongoing syrian civil war. the spokesman urged the international community to intervene, and calls for u.s. leadership, rather than just humanitarian aid. from johns hopkins, this is an hour and...
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yarmuth: when it comes to the fiscal cliff, republicans and democrats have one major thing in common, we both believe tax rates shouldn't go up for 98% of americans and 97% of small businesses. the difference is the democrats won't use them as bargaining chips. we have filed a discharge petition to bring to the floor legislation that preserves tax cuts for 98% of americans and 97% of small businesses. it has already passed the senate. the president has said he will sign it immediately. less than a month away the clock is ticking, and if house republican leadership is wondering when in our pressing schedule we might fully consider 24 legislation, they might rethink their astonishing decision to cancel house business on thursday, one of the few days congress has left in the current session. mr. speaker, we know what we must do and it might come as a surprise we agree on a solution. all that's left is to vote. i urge my colleagues to sign the discharge petition and vote immediately to keep middle class tax rates from going up. i yield back. soy much -- the speaker pro tempore: the gentle
yarmuth: when it comes to the fiscal cliff, republicans and democrats have one major thing in common, we both believe tax rates shouldn't go up for 98% of americans and 97% of small businesses. the difference is the democrats won't use them as bargaining chips. we have filed a discharge petition to bring to the floor legislation that preserves tax cuts for 98% of americans and 97% of small businesses. it has already passed the senate. the president has said he will sign it immediately. less...
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proposal for avoiding the fiscal cliff. see the president and speaker boehner tonight at 9:00 eastern. elsewhere on the hill today the senate appropriations committee on homeland security held a hearing on fema's response to hurricane sandy. senators from new york, rhode island, connecticut and delaware testified before the committee on the challenges their constituents face in the aftermath of the storm and what's needed to move forward. >> good morning, everyone. thank you for joining us for this very important hearing on the response and recovery and the challenges before us to superstorm san joaquin. -- with sandy. we're here today to evaluate the response and recovery effortings in the aftermath of hurricane sandy which struck the northeastern united states on october 29, as the largest-sized storm system in u.s. history. hurricane sandy claimed the lives of more than 120 americans, destroying over 340,000 homes. and over 2 hub,000 businesses and leaving more than 8.5 million families without power, heat or running wat
proposal for avoiding the fiscal cliff. see the president and speaker boehner tonight at 9:00 eastern. elsewhere on the hill today the senate appropriations committee on homeland security held a hearing on fema's response to hurricane sandy. senators from new york, rhode island, connecticut and delaware testified before the committee on the challenges their constituents face in the aftermath of the storm and what's needed to move forward. >> good morning, everyone. thank you for joining...
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in congress if you go over the fiscal cliff. how long can you have that hard line on those making 250 and above. >> america faces a very serious problem and our goal is to make sure it gets solved. we have a debt problem that is out of control. we have got to cut spending and i believe it is appropriate to put revenues on the table. the receive news we are putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more -- more of their money to the federal government without raising the tax rates which we believe will harm our economy. [inaudible question] >> i think our members understand the seriousness of the situation that our country faces. trillion dollar deficits for as far as the eye can see. $16 trillion of debt on the books. every man, woman and child owing the american government $50,000 and that number is increasing every single year. as a result, our members understand that we've got to solve the problem, and we will. >> the hous
in congress if you go over the fiscal cliff. how long can you have that hard line on those making 250 and above. >> america faces a very serious problem and our goal is to make sure it gets solved. we have a debt problem that is out of control. we have got to cut spending and i believe it is appropriate to put revenues on the table. the receive news we are putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the...
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we forget that the republicans passed two bills that take care of the fiscal cliff. they extend of the tax cuts and a change the sequestration. the democrats hammer them on that each time. they are not going to give the democrats a chance to hammer them once again. host: our democrats putting deductions and loopholes and specifically on the table? guest: yes, the president has been very specific. he has said, first things first, let's let the high end tax cuts expire and lock in these trillion dollars savings. then he says on deductions, let's cap the major ones, the mortgage interest, the charitable, the state allen local -- and local. the banker's comments of getting 35% subsidy on the mortgage, he will get 20%. -- 28%. and then there are tax cuts in medicare, but they are reasonable. if you do not do these tax deductions and you do not do the high end incumbent bush tax cuts, it gets in devastated. the ryan budget was very back loaded. and it was not in the first 10 years. there are trade-offs. host: maverick writes in and said, i see a problem giving tax -- a pro
we forget that the republicans passed two bills that take care of the fiscal cliff. they extend of the tax cuts and a change the sequestration. the democrats hammer them on that each time. they are not going to give the democrats a chance to hammer them once again. host: our democrats putting deductions and loopholes and specifically on the table? guest: yes, the president has been very specific. he has said, first things first, let's let the high end tax cuts expire and lock in these trillion...
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if you have questions about the so-called fiscal cliff numbers are on the screen. 202-585-3881 for republicans. 202-585-3880 for democrats. you can also contact us through social media. journal@c-span.org and twitter.com/cspanwj. we have a tweet for you from jean in ohio. guest: i think dozens of them are for businesses. i do not know if i want to describe them as corporate welfare. there is the research and development tax credits. motorsports complexes known as the nascar tax break. four railroads and the list goes on. a lot of them are for businesses. host: we have a tweet from independent's day. guest: i'm not exactly sure who is responsible for that provision originally. it is not very expensive. it actually does not impact the budget that much. some people say things add up. people always have good explanations for these tax breaks. the nascar one allows businesses to deduct the cost of their property faster than they would otherwise, over five years instead of seven years. then my point to some other business that gets five years and says, we should also be five years. a lot of provisio
if you have questions about the so-called fiscal cliff numbers are on the screen. 202-585-3881 for republicans. 202-585-3880 for democrats. you can also contact us through social media. journal@c-span.org and twitter.com/cspanwj. we have a tweet for you from jean in ohio. guest: i think dozens of them are for businesses. i do not know if i want to describe them as corporate welfare. there is the research and development tax credits. motorsports complexes known as the nascar tax break. four...
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republicans want to avert the fiscal cliff in its entirety. what we need is the president to come forward with a plan on how he wants to avert the fiscal cliff. it is irresponsible of us not to deal with the spending issue and simply to push for raising taxes on hard-working american people. many of us come from small- business backgrounds -- family owned businesses. we understand the situation very well. but it is important we not pass this problem along to our children and grandchildren, but we deal with it in a responsible way. the republicans have come forward with a responsible plan and will continue to do that and look for ways to keep us from going over this fiscal cliff. >> we have time for a couple questions before we go to our meeting. >> your colleague has told other colleagues that it is time to vote to extend the middle- class tax cut -- i want to get your take on his comments. more importantly, is this the direction the conference is going? >> i told tom earlier that i disagree with him. he is a wonderful friend and a great suppo
republicans want to avert the fiscal cliff in its entirety. what we need is the president to come forward with a plan on how he wants to avert the fiscal cliff. it is irresponsible of us not to deal with the spending issue and simply to push for raising taxes on hard-working american people. many of us come from small- business backgrounds -- family owned businesses. we understand the situation very well. but it is important we not pass this problem along to our children and grandchildren, but...
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cliff and the future of the republican party on "in depth." the senator has written several books and reports. join us for senator tom coburn, live sunday at noon eastern on c-span2. "washington journal" continues. host: we are looking at various aspects at the so-called fiscal cliff. joining us for the discussion is steven sloan. he is with politico. could you define what a tax credit is and how that differs from a tax deduction? guest: credits and deductions are used to lower somebody's tax bill. if you have it $1,000 tax bill, -- basically a reduces taxable income, so it takes the taxable income off the top. if you have a $1,000 tax deduction, that is basically a to under $50 deduction -- $250 deduction. host: on their tax credits that specifically affect families? guest: some that have expired that are part of the fiscal cliff package. they get much less attention than the bush tax cuts. they are part of the packet of decisions that congress has to make. host: we can go into debt but to highlight four --th let's start with the child tax cr
cliff and the future of the republican party on "in depth." the senator has written several books and reports. join us for senator tom coburn, live sunday at noon eastern on c-span2. "washington journal" continues. host: we are looking at various aspects at the so-called fiscal cliff. joining us for the discussion is steven sloan. he is with politico. could you define what a tax credit is and how that differs from a tax deduction? guest: credits and deductions are used to...
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in order to avoid going over the fiscal cliff? >> oh, yeah, i would be. you know, i think it is remarkable that right after the election we get this thing that comes right up in our faces that basically outlines in bold relief the differences in the two ideas about how we go forward in this country. it is really excellent timing, and we may have to go over the cliff, if it is forced into it. but this idea that you bring down the cost of medicare by making it available to more people is a terrible idea of mr. boehner's. the idea -- i would be terribly upset, along with many of my friends, if obama compromised too much on what needs to happen that is called the fiscal cliff. >> do you think a prominent third-party web help our country? >> i felt strongly about that when i supported john anderson in 1979. he was -- a large part of anderson's campaign was to sue the state ballot procedure into allowing third parties to have more access to the electoral process. i would like to see a third party available, but that, too, seems like a r
in order to avoid going over the fiscal cliff? >> oh, yeah, i would be. you know, i think it is remarkable that right after the election we get this thing that comes right up in our faces that basically outlines in bold relief the differences in the two ideas about how we go forward in this country. it is really excellent timing, and we may have to go over the cliff, if it is forced into it. but this idea that you bring down the cost of medicare by making it available to more people is a...
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of the fiscal cliff. that would take $900 billion off the cliff right now. so, folks, just look around here. people are consumer confidence is growing. the last thing we need to do is dash that now by being unable to extend the middle class tax cuts. thanks for shopping with me. i know you won't tell anybody what i bought for christmas. thank you very much. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> vice president joe biden at the new and the first costco in washington which employs some 200 people. he was joined there by the c.e.o. of costco, who also spoke at the democratic national convention. was a major obama fundraiser. we are live back on capitol hill waiting to hear from house speaker john boehner and his weekly briefing. the speaker today was one of the leaders set to meet with treasury secretary tim geithner up on capitol hill today to talk about the fiscal cliff negotiation. we'll be hearing from the speaker sho
of the fiscal cliff. that would take $900 billion off the cliff right now. so, folks, just look around here. people are consumer confidence is growing. the last thing we need to do is dash that now by being unable to extend the middle class tax cuts. thanks for shopping with me. i know you won't tell anybody what i bought for christmas. thank you very much. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> vice...
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i believe we should have the negotiations on the fiscal cliff. that's two things. $500 billion tax increase, the 2001, 2003 tax cuts lapsing and sequestration of spending restraint. it is a good thing, but saving $100 billion, -- >> not a common republican point of view. a lot of defense cuts. >> the head of the conservative caucus, 60% of most conservative guys in the house, jim jordan said the only thing worst than the sequester would be not having the savings and you saw mitch mcconnell saying we aren't ending the sequester. people are drawing lines in the sand -- let's try to cut to it. >> it has to be on c-span only then would the president have to say and boehner would say your spending cuts are what? cbs and nbc hasn't done that. and he was wandering around and if you look at the savings in this budget, $800 billion for not occupying iraq. and he cuts that as part of the savings. he counts of the savings, then you can't have the situation where republicans get why don't you raise taxes all day and no focus. once the bill is written, it nee
i believe we should have the negotiations on the fiscal cliff. that's two things. $500 billion tax increase, the 2001, 2003 tax cuts lapsing and sequestration of spending restraint. it is a good thing, but saving $100 billion, -- >> not a common republican point of view. a lot of defense cuts. >> the head of the conservative caucus, 60% of most conservative guys in the house, jim jordan said the only thing worst than the sequester would be not having the savings and you saw mitch...
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, or fiscal cliff 1.0. tax cuts were about to expire. the democrats did not want to extend all of the tax cuts. harry reid was trying to create an impression that it was the time that republicans were obstructing the process, obstructing what the democrats wanted to do. what he was trying to do was set the agenda and create an environment so he could win politically. he set up after this quotation a rare weekend session in the senate where he had two votes . no republican amendments were allowed, and he showed republicans were obstructionists and would not go along with what he thought was good for the country. this was a ploy designed to shift attention from the democrats' ability to go along with what republicans wanted to do to republican saying they did not want to do what democrats wanted to do. he was seeking to control the agenda. that is the real issue here. there are times when minorities of both parties will obstruct the majority because they need or want to. the real issue in the debate today is
, or fiscal cliff 1.0. tax cuts were about to expire. the democrats did not want to extend all of the tax cuts. harry reid was trying to create an impression that it was the time that republicans were obstructing the process, obstructing what the democrats wanted to do. what he was trying to do was set the agenda and create an environment so he could win politically. he set up after this quotation a rare weekend session in the senate where he had two votes . no republican amendments were...
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republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes, to replace the sequester, and pave the way for tax reform and entitlement reform. we are the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our country's debt crisis and get our economy going again and to create jobs. right now all eyes are on the white house. the country does not need a victory lap. it needs leadership. it is time for the president and congressional democrats to tell the american people what spending cuts they're willing to make. with that, i will take a few questions. [indiscernible] >> it has been very clear over the last year and a half. i have talked to the president about many of them. you can look at our budgets where we outlined specific proposals that we passed last year and the year before. we know what the menu is. we do not know what the white house is willing to do to get serious about solving o
republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes, to replace the sequester, and pave the way for tax reform and entitlement reform. we are the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our country's debt crisis and get our economy going again and to create jobs. right now all...
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i hope we do go over the fiscal glove. the reason being, -- go over the fiscal cliff. the reason being, all bush era tax cuts will expire. the senate has already passed the bill for the middle class tax cuts to continue. let the republicans in the house go ahead and fight for the 2% when all of the -- when all will go into effect. take the senate's version. i think they have been sitting on it for eight months in the house. i think it is terrible to treat the american people that way. being from michigan, we are going through a real challenge here from our hitler governor that you have seen in the news. he wants to take us to a right to work state. we all know what happens. wages go down, no benefits. you work and work and work to make the owner rich and the worker sufferers. -- i do think we need to go over the fiscal cliff. host: here is the story from the "new york times" today. we are talking about the fiscal cliff negotiations and whether compromise or sticking to principles should be what members of congress and the president should do here. a couple of weets thi
i hope we do go over the fiscal glove. the reason being, -- go over the fiscal cliff. the reason being, all bush era tax cuts will expire. the senate has already passed the bill for the middle class tax cuts to continue. let the republicans in the house go ahead and fight for the 2% when all of the -- when all will go into effect. take the senate's version. i think they have been sitting on it for eight months in the house. i think it is terrible to treat the american people that way. being...
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in congress if you go over the fiscal cliff. how long can you have that hard line on those making 250 and above. >> america faces a very serious problem and our goal is to make sure it gets solved. we have a debt problem that is out of control. we have got to cut spending and i believe it is appropriate to put revenues on the table. the receive news we are putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more -- more of their money to the federal government without raising the tax rates which we believe will harm our economy. \[inaudible question] >> i think our members understand the seriousness of the situation that our country faces. trillion dollar deficits for as far as the eye can see. $16 trillion of debt on the books. every man, woman and child owing the american government $50,000 and that number is increasing every single year. as a result, our members understand that we've got to solve the problem, and we will. >> the hou
in congress if you go over the fiscal cliff. how long can you have that hard line on those making 250 and above. >> america faces a very serious problem and our goal is to make sure it gets solved. we have a debt problem that is out of control. we have got to cut spending and i believe it is appropriate to put revenues on the table. the receive news we are putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the...
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and the federal reserve have both forecast the -- if we have the fiscal cliff, unemployment will go up substantially. is that something you're willing to see happen if the republicans continue to refuse to compromise? >> we've kicked the can down the road for too long. we're not going to do it anymore. we want certainty. the only way to have certainty is to have the rich pay a little bit more. the meetings with the business round table and other groups i've met with, including the business round table, the people who are making this money, they're willing to pay the extra money. the american people believe they should pay the extra money. there's polls out today, by a 2-1 mar general the american people believe this to be the case. the only people in america who disagrow with that are republicans who serve in the building we're in now. >> are you willing to allow that forecast recession -- >> the president has been very clear. he's been very clear, i've been very clear. republicans have to make sure they allow the rate increase to take place. >> is there a way to have any kind of stiml
and the federal reserve have both forecast the -- if we have the fiscal cliff, unemployment will go up substantially. is that something you're willing to see happen if the republicans continue to refuse to compromise? >> we've kicked the can down the road for too long. we're not going to do it anymore. we want certainty. the only way to have certainty is to have the rich pay a little bit more. the meetings with the business round table and other groups i've met with, including the...
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republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes, to replace the sequester, and pave the way for tax reform and entitlement reform. we are the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our country's debt crisis and get our economy going again and to create jobs. right now all eyes are on the white house. the country does not need a victory lap. it needs leadership. it is time for the president, congressional democrats to tell the american people what spending cuts they're willing to make. with that, i will take a few questions. [indiscernbile] it has been very clear over the last year and a half. i have talked to the president about many of them. you can look at our budgets where we outlined specific proposals that we passed last year and the year before. we know what the menu is. we do not know what the white house is willing to do to get serious about solving our deb
republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes, to replace the sequester, and pave the way for tax reform and entitlement reform. we are the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our country's debt crisis and get our economy going again and to create jobs. right now all...
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Dec 4, 2012
12/12
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fiscal cliff. even though for months they have not really flushed out with great detail where they wanted to see savings, yesterday they did. they came out with a proposal which talked about waiving the eligibility age for medicare from 65 to 67. they talked about recalculating the cost-of-living adjustment for seniors who are on social security. it's the so-called chained c.p.i. which would lower the year in and year out increase for people on social security in terms of keeping up with the cost of living. and these proposals really need a full vigorous debate before the american people before we move in that direction which i would argue and certainly you and others here this afternoon would be the wrong direction for middle class and working family americans. you know, in terms of medicare, i think it's really important historically to review how medicare came into existence. in 1965 when it was signed into law, president lyndon johnson, on the porch of harry truman's house in independence, miss
fiscal cliff. even though for months they have not really flushed out with great detail where they wanted to see savings, yesterday they did. they came out with a proposal which talked about waiving the eligibility age for medicare from 65 to 67. they talked about recalculating the cost-of-living adjustment for seniors who are on social security. it's the so-called chained c.p.i. which would lower the year in and year out increase for people on social security in terms of keeping up with the...
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Dec 5, 2012
12/12
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i think as far as the fiscal cliff is concerned, the democrats and republicans need to come together and they need to do that rather quickly, because that's the way i feel about it. host: do you think it decides it should just agree to pass the tax cuts -- extend the tax cuts for middle-class americans and then wait until later to resume the debate over spending and tax cuts for wealthy americans? caller: they should start with that. and if they agree on that, then they can go on to the next thing. but this lagging and dragging along on both sides makes no sense. host: here is the washington post this morning. [video clip] >> i don't think the issue right now has to do with sitting in a room. the issue right now that is relevant is the acknowledgment that if we are going to raise revenues that are sufficient to balance with very tough cuts we have already made and further reforms and entitlements i'm prepared to make, that we are going to have to see the rates on the top to% go up. we are not calling to able to get a deal without it. host: that was the president talking about whether
i think as far as the fiscal cliff is concerned, the democrats and republicans need to come together and they need to do that rather quickly, because that's the way i feel about it. host: do you think it decides it should just agree to pass the tax cuts -- extend the tax cuts for middle-class americans and then wait until later to resume the debate over spending and tax cuts for wealthy americans? caller: they should start with that. and if they agree on that, then they can go on to the next...
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Dec 8, 2012
12/12
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it is that extension, beyond six months, that we are talking about with the fiscal cliff talks. host: that is what might be cut? guest: that is what automatically expires. president obama said as part of the deal i want to make, those benefits should continue. republicans have not taken a firm stand, but we have seen in the past that obama has had it a deal on taxes to get the benefits extended. host: what specific benefits to these programs provide? guest: usually some kind of cash benefit, help you search for a job. it is about $300 per week. sometimes it varies by state. host: and how are the programs funded? guest: by payroll taxes. you pay payroll taxes to the state and federal government. it does to a federal trust, and state administers the program and the money goes to the unemployed. host: talk about qualification for unemployment insurance. what do people have to me to apply, how are they selected? at guest: generally, you have to have a year of earnings over a certain threshold and you have to be let go from a job. the way the structure works, it is hard to say if you
it is that extension, beyond six months, that we are talking about with the fiscal cliff talks. host: that is what might be cut? guest: that is what automatically expires. president obama said as part of the deal i want to make, those benefits should continue. republicans have not taken a firm stand, but we have seen in the past that obama has had it a deal on taxes to get the benefits extended. host: what specific benefits to these programs provide? guest: usually some kind of cash benefit,...
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Dec 1, 2012
12/12
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host: it rundown of tax credits that would affect you if the fiscal cliff happens is what we're talking about with steven sloan with politico. we have about 20 more minutes with our guest. 202-585-3880 for democrats. 202-585-3881 for republicans. 202-585-3882 for independents. you have a story and talk about this visit. what we're talking as far as what the white house is offering? guest: they want an immediate increase for the top earners, the 35% rate going to 39.6%. about $960 billion in immediate revenue. the administration is seeking $1.6 trillion. the rest to come sometime next year as part of tax reform. host: this is the first time republicans are hearing from this from the white house? guest: you could argue the first time since the white house that a member from the administration is going to the hill. this is a senior administration official that is coming to the hilt to present what the administration wants to do. host: what happens now? guest: republicans rejected this offer yesterday. it will be interesting to see whether we see some negotiations take place like what we sa
host: it rundown of tax credits that would affect you if the fiscal cliff happens is what we're talking about with steven sloan with politico. we have about 20 more minutes with our guest. 202-585-3880 for democrats. 202-585-3881 for republicans. 202-585-3882 for independents. you have a story and talk about this visit. what we're talking as far as what the white house is offering? guest: they want an immediate increase for the top earners, the 35% rate going to 39.6%. about $960 billion in...
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Dec 7, 2012
12/12
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cliff, but also help us avert the fiscal abyss. if president obama were to offer such a plan, republicans would act favorably. going over the cliff is unnecessary. as it has been observed in "the wall street journal," the president is boxing in the republicans. he is offering them a deal they cannot accept. first, the president has repeatedly called for a balanced solution involving both revenue and less spending. what is obvious to the most casual observer is that this plan is not a balanced. the fiscal cliff involves nearly four dollars of anticipated revenue from higher taxes for every dollar of spending cuts, yet the president wants more revenue and fewer spending cuts. if we fell off the cliff, his plan calls for another round of stimulus spending. you have got to be kidding me. what the president's plan lacks is any reform in our entitlement system. the unrestrained growth in entitlement system is driving deficits and driving the debt even higher than the percentage of our gdp. it is estimated to be as high as $128 trillion.
cliff, but also help us avert the fiscal abyss. if president obama were to offer such a plan, republicans would act favorably. going over the cliff is unnecessary. as it has been observed in "the wall street journal," the president is boxing in the republicans. he is offering them a deal they cannot accept. first, the president has repeatedly called for a balanced solution involving both revenue and less spending. what is obvious to the most casual observer is that this plan is not a...
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Dec 7, 2012
12/12
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. >> on the republican side, how would a vote on either the fiscal cliff or raising the debt ceiling help the gop make their case? i am not entirely sure that it would. i am not sure hal and effective issue it would be pure >> the houses out now -- it would be. >> the house is out now. >> there is no public indication. you talk with some senators who yesterday were saying that not a lot is going on, more privately them publicly. but since then, we know that president obama and steve [indiscernible] spoke yesterday evening. the fact that neither side is leaking what happened on that call, you might say that they are trying to get back on track. they know that if they leak each other's confrontations, that is not good. there are only two participating really in this negotiation. and if they choose not to leak out that information widely, it is a speculation. >> what is the handle and how quickly could be brought -- what is the end goal and how quickly could be brought up for a vote? >> the goal is a down payment or some kind of thing for revenues, which is enough to get us past the fis
. >> on the republican side, how would a vote on either the fiscal cliff or raising the debt ceiling help the gop make their case? i am not entirely sure that it would. i am not sure hal and effective issue it would be pure >> the houses out now -- it would be. >> the house is out now. >> there is no public indication. you talk with some senators who yesterday were saying that not a lot is going on, more privately them publicly. but since then, we know that president...
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Nov 30, 2012
11/12
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. >> you can talk with oklahoma senator tom coburn about the fiscal cliff, affordable care act, and the future of the republican party on book tv. the senator has written several books including his latest "the debt bomb." join our conversation with your calls, e-mails, tweets, and comments with medical doctor and senator tom coburn. live sunday on c-span 2. >> he worked his way up into harvard law school and then at the urging of his brother in the great western illinois -- immigrated west to illinois, where the lead mining industry was in its heyday. he arrived by stagecoach and train and arrived on steamboat in this muddy mining town. he boarded himself in a log cabin, established a law practice in the log cabin, and slowly worked his way up and became a very successful lawyer. he then got involved politically, ran for congress, serve for eight terms, and then befriended abraham lincoln, obviously from illinois. then ulysses s. grant. as they were on the rise, washburn stayed with them in a close colleague during the civil war. after grant was elected president, he initially appointe
. >> you can talk with oklahoma senator tom coburn about the fiscal cliff, affordable care act, and the future of the republican party on book tv. the senator has written several books including his latest "the debt bomb." join our conversation with your calls, e-mails, tweets, and comments with medical doctor and senator tom coburn. live sunday on c-span 2. >> he worked his way up into harvard law school and then at the urging of his brother in the great western illinois...
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Dec 5, 2012
12/12
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we have gone over the fiscal cliff here. we are billions of dollars in debt. democrats and the labor unions are bankrupting this state. so democrat parties are so good why are we bankrupt? don't you think it's time that the unions instead of spending billions of dollars on political campaigns, give that money back to the membership so they can pay their own way? and as taxpayers and people like me that live on a fixed income don't have to be taxed out of our homes and lose the money we work hard to make? host: mr. welch. guest: first of all you have worked hard and -- but a couple things. number one, i can't comment on the california situation. i just don't know enough about it. although the reports are things are starting to turn around a little bit there. and it's very tough to pass a budget when you've got that superis majority requirement. number two -- supermajority requirement. number two, how we got here, it's not unions. the wages for americans have been going down for the past 10, 15 years. people are not keeping up with inflation. the average america
we have gone over the fiscal cliff here. we are billions of dollars in debt. democrats and the labor unions are bankrupting this state. so democrat parties are so good why are we bankrupt? don't you think it's time that the unions instead of spending billions of dollars on political campaigns, give that money back to the membership so they can pay their own way? and as taxpayers and people like me that live on a fixed income don't have to be taxed out of our homes and lose the money we work...